Answer:
maximum profit is $3,750
obtained by producing 45 inkjet printers + 25 laser printers
Explanation:
let I be the number of inkjet printers
let L be the number of laser printers
I + L ≤ 70
I + 3L = 120
the profit function = 50I + 60L
the maximum production frontier (given by the attached curve):
I = 70, L = 0
I = 0, L = 40
I = 45, L = 25
profit (I = 70, L = 0) = $50 (70) + 0 = $3,500
profit (I = 0, L = 40) = 0 + $60 (40) = $2,400
profit (I = 45, L = 25) = $50 (45) + $60 (25) = $2,250 + $1,500 = $3,750